Onsite Coverage: CO-OP THINK Kicks Off In Chicago

CHICAGO — More than 550 executives from 329 credit unions, CUSOs and other firms have gathered this week at the Swissotel in Chicago.

They’ll hear a variety of different speakers bring different perspectives at the CO-OP Financial Services THINK 2013 conference.

CO-OP Stan Hollen got things going Tuesday by telling the audience that more than 33 million credit union members have the CO-OP logo on their ATM or debit cards, from 3,500 credit unions and that they have available more than 30,000 credit union ATMs across the natio

“We have far more ATMs than the largest bank, in fact more than the top two banks combined,” Hollen said, “and more than 10,000 of them take deposits.”

He also said that CO-OP’s shared branching now connects more than 16,000 branches, with room to grow.

On the new products front, Hollen touted My Capture, a remote check deposit feature that pairs with the CUSO’s mobile app offering. He also said that Sprig, the CUSO's person-to-person payments option, will soon be able to pay anyone whether their credit union is on shared branching or not.

The California-based CUSO also has been making strides in credit card processing using an alliance with The Members Group, the payments CUSO associated with the Iowa Credit Union League, Hollen said.